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  1. bone

    Porn Production Halted in Los Angeles. Dire Economic Consequences to Follow?

    http://www.wtsp.com/news/watercooler/article/183618/58/High-School-secretary-suspended-for-being-porn-star (CBS/AP) MONTREAL - Samantha Ardente, a Canadian high school secretary, is waiting to see if she gets to keep her day job after officials discovered that she moonlighted as a XXX porn...
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    Porn Production Halted in Los Angeles. Dire Economic Consequences to Follow?

    Miami-Dade teacher Shawn Loftis fired for porn past http://www.wtsp.com/news/watercooler/article/208109/58/Florida-teacher-fired-for-porn-past "One day I get a phone call from Miami Dade County Public Schools telling me not to go into work the next day," Loftis told our sister station CBS4...
  3. bone

    Select Crude Oil Spreads

    Rose, we use multiple timeframes when analyzing spreads with technical models. I cannot really comment in greater detail about the genesis of my models, other than it was spawned from two life-changing experiences in my trading career: 1. trading the interest rate yield curve while clearing...
  4. bone

    Have You Been Here? Need Your Wisdom

    Well, expand out that arbitrage position to a longer holding timeframe and it becomes a spread trade - which is a great strategy employed by bank desks and commercials, but IMO it serves a retail oriented trader quite nicely. In terms of covered calls on GE generating 3 or 4 % per month...
  5. bone

    Cantor Scores First With Jobs Plan

    How is it that after 860 days without a budget in the Obama administration, only a Republican - Paul Ryan, can deliver a detailed plan with a multi-year budget ? How is it that the administration spent several trillion dollars ( and with a fillibuster-proof supermajority through an extended...
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    Cantor Scores First With Jobs Plan

    Notice how it started in 2009, or was that Bush's fault as well ?
  7. bone

    Cantor Scores First With Jobs Plan

    That was an analog program to the "cash for clunkers" which was initiated by the Obama administration to sell the one product American carmakers had plenty of on hand at the onset of the recession: SUV's.
  8. bone

    Cantor Scores First With Jobs Plan

    Being in that category, and flowing through 1256 trading income and consulting income from my LLC's directly to my personal income tax return, I cannot deduct shit without AMT kicking in terms of my personal taxes. In fact, I cannot deduct much in terms of anything in that tax bracket. I guess...
  9. bone

    School superintendent gives up $800k in pay

    From the Weekly Standard, which is of course a right-wing rag but there are some hard, undeniable budget facts being reported by Wisconsin School Districts with Education Union Reforms being only one month old: •School districts that were able to institute Scott Walker’s & the GOP’s...
  10. bone

    Advantage Futures X_Trader

    Agree - we require access to a tremendous number of products in every space and exchange; Advantage doesn't offer LME metals or we would need that as well. Our 'saving grace' is the fact that we are spread traders and of course the margin credit for those positions is substantial - for...
  11. bone

    Why Obama Can't Support A Real Jobs Program

    Well, the jobs Obama demands have to be union jobs, and the proposal Obama puts forth will surely be designed to screw over the Southern "right to work" states. The stimulus package was designed as a bribe / payoff to organized unions: teachers unions, public employee unions, construction...
  12. bone

    School superintendent gives up $800k in pay

    The primary problem with public employees is the retirement and benefits package. This guy could retire and for 30 years collect most of his base salary and complete benefits with minimal co-pay - which is what is bankrupting the states. Ask the State of Wisconsin, New Jersey, etc. etc...
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    Advantage Futures X_Trader

    Yeah, I have clients clearing Advantage using both TT and CTS and they get 4:1 intraday buying power on spreads, and of course overnight they get the SPAN inter/intra market margin credits. BTW, these are non-member 'retail' rate guys who are leasing the execution platform software on a RT per...
  14. bone

    Any good Illinois based tax accountants?

    If you clear a Chicago-based FCM, ask them who they use / recommend. BTW, you are very wise to not solicit tax advice here. And you are correct in soliciting a specialist with a proven body of work with the futures tax treatment.
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    School superintendent gives up $800k in pay

    Brownsfan, you overlooked the "AP" attribution in the title location. FRESNO, Calif. (AP) AP is the universal designation for Associated Press, and that is all that is required. http://news.yahoo.com/school-superintendent-gives-800k-pay-150206667.html
  16. bone

    School superintendent gives up $800k in pay

    School superintendent gives up $800k in pay FRESNO, Calif. (AP) — Some people give back to their community. Then there's Fresno County School Superintendent Larry Powell, who's really giving back. As in $800,000 — what would have been his compensation for the next three years. Until...
  17. bone

    Spammer

    http://www.elitetrader.com/vb/showthread.php?threadid=226139
  18. bone

    Reuters new Bloomberg-alternative Product

    Bloomberg is the shit, and they get $1800 per month with a three year contract for a reason. If they went month-to-month, they would triple their business. Reuters has a reputation for a reason.
  19. bone

    What trading career would be best from these 3 options?

    10 or 20 years ? Floor traders have not been relevant for a couple years now. Other than certain options market-making activities, there is no relevant floor trading. PS: just look at the open outcry vs. electronic volume percentages - it's published daily by the exchange on their website.
  20. bone

    Futures spread trading

    Now my question would be, regarding spread trading: - How many of you have your own proprietary software for statistical anylsis (correlation, arbitrage, lag, etc)? Is this rare, or only used by the bigger trading companies? - If you do use something like this, how useful is it proving in...
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